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INTERNATIONAL
Chennai firm develops innovative solar lamp, fan
Chennai: Energy starved Indian consumers can now go in for a solar powered lamp and table top fan, together priced at Rs 3000, both working on a single 15 years warranty solar module brought out by a Chennai firm.

'US economy on growth path, heading for recovery'
Washington: Latest US data show that the US economic recovery is continuing "on a solid growth path", Treasury Secretary Paul O'Neill said on July 31.

NATIONAL
Heavy selling pulls down SENSEX by 59 pts
Mumbai: The SENSEX plummeted by 59.39 points to breach the 3000 psychological barrier on the Bombay Stock Exchange (BSE) on August 8 and closed at a 10-month low of 2950.09 as a large number of old economy heavyweights met with heavy selling by local funds.

Ferguson's partner resigns, DCA may probe TFL A/C
Mumbai/ New Delhi: The controversy over the audit report on Tata Finance Ltd (TFL) has taken a new turn with a senior partner of auditors A F Ferguson and his three associates resigning and the Department of Company Affairs indicating on August 8 the possibility of probing TFL to determine if there were any financial irregularities.

Ultrasonic parking guide system soon for 4-wheelers
Coimbatore: A new 'parking guide system', with ultrasonic reverse sensors, would soon hit the market from Roots, a city-based automobile horn manufacturer.

US markets look up, BSE opens on positive note
Mumbai: Equities resumed slightly higher and moved in a restricted range at opening session on the Bombay Stock Exchange (BSE) on August 8 following alternate bouts of buying and selling.